Zacks Investment Research issued a report on Fidelity Southern Corporation (NASDAQ:LION), hiking its price target to $20.00 earlier today
- Updated: September 24, 2016
Boasting a price of $18.12, Fidelity Southern Corporation (NASDAQ:LION) traded -0.66% lower on the day. With the last stock price close up 9.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fidelity Southern Corporation has recorded a 50-day average of $17.73 and a two hundred day average of $16.55. Volume of trade was down over the average, with 50,481 shares of LION changing hands under the typical 71,180
Zacks Investment Research upped the price target of Fidelity Southern Corporation (NASDAQ:LION) to $20.00 indicating a possible upside of 0.10%.
With a total market value of $0, Fidelity Southern Corporation has 52 week low of $14.01 and a 52 week high of $23.05 with a P/E ratio of 16.63 .
In addition to Zacks Investment Research reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $19.25 with one analyst rating the company a strong buy, zero analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
Brief Synopsis On Fidelity Southern Corporation (NASDAQ:LION)
Fidelity Southern Corporation is a bank holding company. The Company operates in the community banking segment. It conducts its operations through its subsidiary bank, Fidelity Bank (the Bank). The Bank provides various financial products and services for retail customers and small to medium-sized businesses, primarily in Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. It also conducts indirect automobile lending, residential mortgage lending and Small Business Administration (SBA) lending activities in over 10 states. It is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. The Company's subsidiary, LionMark Insurance Company is an insurance agency that offers consumer credit related insurance products.
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